SAUDI CABLE

08 July, 2024 16:07

Saudi Cable Co. Announces an update on The submission of the Financial Restructuring Procedure Proposal to the FRP Trustee

Element ListExplanation
Introduction Referring to the Saudi Cable Company’s announcement on (Tadawul) dated 24/12/1445 corresponding to 30/06/2024, regarding the submission of the Financial Restructuring Procedure Proposal to the FRP Trustee; The management of Saudi cable company is pleased to inform its shareholders that the company’s management received a letter from the Trustee’s office on Monday 02/01/1446 AH corresponding to 08/07/2024, confirming that he had submitted the financial restructuring proposal of the Saudi Cable Company with the Fourth Commercial Circuit of the Commercial Court in Jeddah. Any material developments will be announced in time.
Previous Announcement The submission of the Financial Restructuring Procedure Proposal to the FRP Trustee
Date of Previous Announcement on Saudi Exchange’s Website 2024-06-30 Corresponding to 1445-12-24
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event The management of Saudi cable company is pleased to inform its shareholders that the company’s management received a letter from the Trustee’s office on Monday 02/01/1446 corresponding to 08/07/2024, confirming that he had submitted the financial restructuring proposal of the Saudi Cable Company with the Fourth Commercial Circuit of the Commercial Court in Jeddah. Any material developments will be announced in time.
The costs associated with the event, and if they have changed or not with indication of the reasons. There are no costs associated with the event now, the financial impact will be disclosed later if it exists.

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